Fintel reports that on December 11, 2024, Citigroup upgraded their outlook for Mettler-Toledo International (NYSE:MTD) from Sell to Neutral.
Analyst Price Forecast Suggests 8.25% Upside
As of December 3, 2024, the average one-year price target for Mettler-Toledo International is $1,375.74/share. The forecasts range from a low of $1,186.75 to a high of $1,575.00. The average price target represents an increase of 8.25% from its latest reported closing price of $1,270.86 / share.
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The projected annual revenue for Mettler-Toledo International is 4,226MM, an increase of 12.33%. The projected annual non-GAAP EPS is 48.08.
What is the Fund Sentiment?
There are 1,627 funds or institutions reporting positions in Mettler-Toledo International. This is an increase of 43 owner(s) or 2.71% in the last quarter. Average portfolio weight of all funds dedicated to MTD is 0.27%, an increase of 7.55%. Total shares owned by institutions increased in the last three months by 0.03% to 23,713K shares. 
The put/call ratio of MTD is 0.68, indicating a bullish outlook.
What are Other Shareholders Doing?
Capital International Investors holds 958K shares representing 4.54% ownership of the company. In its prior filing, the firm reported owning 1,062K shares , representing a decrease of 10.90%. The firm decreased its portfolio allocation in MTD by 9.78% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 677K shares representing 3.21% ownership of the company. In its prior filing, the firm reported owning 676K shares , representing an increase of 0.16%. The firm increased its portfolio allocation in MTD by 0.95% over the last quarter.
Fundsmith LLP holds 592K shares representing 2.80% ownership of the company. In its prior filing, the firm reported owning 592K shares , representing an increase of 0.06%. The firm increased its portfolio allocation in MTD by 4.23% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 556K shares representing 2.63% ownership of the company. In its prior filing, the firm reported owning 548K shares , representing an increase of 1.38%. The firm increased its portfolio allocation in MTD by 0.13% over the last quarter.
Bank of New York Mellon holds 548K shares representing 2.60% ownership of the company. In its prior filing, the firm reported owning 561K shares , representing a decrease of 2.39%. The firm decreased its portfolio allocation in MTD by 89.40% over the last quarter.
Mettler-Toledo International Background Information
(This description is provided by the company.)
METTLER TOLEDO is a leading international manufacturer of precision measuring instruments. The company is the world's largest manufacturer and supplier of weighing systems for laboratories, industry and food retail. METTLER TOLEDO is one of the three leading suppliers of various complementary measuring technologies and a leading supplier of automated pharmaceutical research and ingredient development systems. Moreover, the company is the world's biggest manufacturer and supplier of metal recognition systems for the production and packaging industry.
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